{"id":251,"date":"2018-12-19T10:45:41","date_gmt":"2018-12-19T10:45:41","guid":{"rendered":"http:\/\/mortgagemodificationri.com\/blog\/?p=251"},"modified":"2019-03-28T22:56:52","modified_gmt":"2019-03-28T22:56:52","slug":"first-home-mortgage-modification","status":"publish","type":"post","link":"http:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/","title":{"rendered":"First Homes and Mortgage Modifications"},"content":{"rendered":"\n<p>Purchasing a first home is a dream for many new families. However, homes are expensive, and many young families simply do not have enough money to put a large <a href=\"http:\/\/economistsoutlook.blogs.realtor.org\/2018\/01\/02\/61-percent-of-first-time-buyers-made-a-low-down-payment-in-november-2017\/\">down payment<\/a> on a home. This results in monthly mortgage payments that are much higher than if the buyers had put a traditional down payment down. <\/p>\n\n\n\n<p>If a first-time homeowner is having a hard time making the mortgage payment, and is experiencing a <a href=\"http:\/\/mortgagemodificationri.com\/blog\/2018\/10\/15\/what-is-a-hardship\/\">financial hardship<\/a>, a <a href=\"http:\/\/mortgagemodificationri.com\/blog\/2018\/09\/18\/what-is-a-mortgage-modification\/\">mortgage modification<\/a> may be a great choice! The two main benefits to a mortgage modification are that a family can stay in their home, and their mortgage payments will decrease if approved. This means that the homeowners can stay in their first home that they purchased, and they do not have to move. This also means that the home will be made more affordable to them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Mortgage Modification Center<\/h2>\n\n\n\n<p>\nA first home is an important purchase that you will remember for the \nrest of your life. If you are having difficulty making your mortgage \npayment on your first home, or any other home, and are experiencing a \nfinancial hardship, please reach out to the <a href=\"http:\/\/mortgagemodificationri.com\/\">Mortgage Modification Center<\/a> at (401) 467-7998. <a href=\"https:\/\/www.law-ri.com\/\">Attorney John S. Simonian<\/a>\n has helped numerous families stay in their homes through mortgage \nmodifications over the past 26 years, and he may be able to help your \nfamily as well.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Purchasing a first home is a dream for many new families. However, homes are expensive, and many young families simply do not have enough money to put a large down payment on a home. This results in monthly mortgage payments &hellip;<a class=\"rm\" href=\"http:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[60,3],"tags":[59,5,4,24,17,6],"class_list":["post-251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-modification","category-mortgage-modification","tag-first-homes","tag-loan-modification","tag-mortgage-modification","tag-mortgage-modification-center","tag-rhode-island-bankruptcy-attorney","tag-rhode-island-mortgage-modification"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>First Homes &amp; Mortgage Modifciations &#8226; Mortgage Modification Center &#8226; RI<\/title>\n<meta name=\"description\" content=\"Many who dream of purchasing a first home don&#039;t have a lot of money to put a large down payment, resulting in a higher monthly payment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Homes &amp; Mortgage Modifciations &#8226; Mortgage Modification Center &#8226; RI\" \/>\n<meta property=\"og:description\" content=\"Many who dream of purchasing a first home don&#039;t have a lot of money to put a large down payment, resulting in a higher monthly payment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/\" \/>\n<meta property=\"og:site_name\" content=\"Mortgage Modification Center RI\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RealEstateFLLaw\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/RealEstateFLLaw\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-19T10:45:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-28T22:56:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png\" \/>\n\t<meta property=\"og:image:width\" content=\"218\" \/>\n\t<meta property=\"og:image:height\" content=\"146\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Attorney John Simonian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Attorney John Simonian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/\",\"url\":\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/\",\"name\":\"First Homes & Mortgage Modifciations &#8226; Mortgage Modification Center &#8226; RI\",\"isPartOf\":{\"@id\":\"http:\/\/mortgagemodificationri.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png\",\"datePublished\":\"2018-12-19T10:45:41+00:00\",\"dateModified\":\"2019-03-28T22:56:52+00:00\",\"author\":{\"@id\":\"http:\/\/mortgagemodificationri.com\/blog\/#\/schema\/person\/4e35b52262f9e791b16bf75e12cb5aff\"},\"description\":\"Many who dream of purchasing a first home don't have a lot of money to put a large down payment, resulting in a higher monthly payment.\",\"breadcrumb\":{\"@id\":\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#primaryimage\",\"url\":\"http:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png\",\"contentUrl\":\"http:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png\",\"width\":218,\"height\":146,\"caption\":\"mortgage modification\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/mortgagemodificationri.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"First Homes and Mortgage Modifications\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/mortgagemodificationri.com\/blog\/#website\",\"url\":\"http:\/\/mortgagemodificationri.com\/blog\/\",\"name\":\"Mortgage Modification Center RI\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/mortgagemodificationri.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"http:\/\/mortgagemodificationri.com\/blog\/#\/schema\/person\/4e35b52262f9e791b16bf75e12cb5aff\",\"name\":\"Attorney John Simonian\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/mortgagemodificationri.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/437696041ed7644858f744edab7889beca8bb6682c0272d6157b030e972de434?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/437696041ed7644858f744edab7889beca8bb6682c0272d6157b030e972de434?s=96&d=mm&r=g\",\"caption\":\"Attorney John Simonian\"},\"description\":\"Attorney John S. Simonian is a Rhode Island and Massachusetts lawyer who specializes in bankruptcy law and mortgage modifications. Click here to learn more about Attorney Simonian.\",\"sameAs\":[\"https:\/\/www.law-ri.com\/\",\"https:\/\/www.facebook.com\/RealEstateFLLaw\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"First Homes & Mortgage Modifciations &#8226; Mortgage Modification Center &#8226; RI","description":"Many who dream of purchasing a first home don't have a lot of money to put a large down payment, resulting in a higher monthly payment.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/","og_locale":"en_US","og_type":"article","og_title":"First Homes & Mortgage Modifciations &#8226; Mortgage Modification Center &#8226; RI","og_description":"Many who dream of purchasing a first home don't have a lot of money to put a large down payment, resulting in a higher monthly payment.","og_url":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/","og_site_name":"Mortgage Modification Center RI","article_publisher":"https:\/\/www.facebook.com\/RealEstateFLLaw\/","article_author":"https:\/\/www.facebook.com\/RealEstateFLLaw\/","article_published_time":"2018-12-19T10:45:41+00:00","article_modified_time":"2019-03-28T22:56:52+00:00","og_image":[{"width":218,"height":146,"url":"https:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png","type":"image\/png"}],"author":"Attorney John Simonian","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Attorney John Simonian","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/","url":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/","name":"First Homes & Mortgage Modifciations &#8226; Mortgage Modification Center &#8226; RI","isPartOf":{"@id":"http:\/\/mortgagemodificationri.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#primaryimage"},"image":{"@id":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#primaryimage"},"thumbnailUrl":"http:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png","datePublished":"2018-12-19T10:45:41+00:00","dateModified":"2019-03-28T22:56:52+00:00","author":{"@id":"http:\/\/mortgagemodificationri.com\/blog\/#\/schema\/person\/4e35b52262f9e791b16bf75e12cb5aff"},"description":"Many who dream of purchasing a first home don't have a lot of money to put a large down payment, resulting in a higher monthly payment.","breadcrumb":{"@id":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#primaryimage","url":"http:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png","contentUrl":"http:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png","width":218,"height":146,"caption":"mortgage modification"},{"@type":"BreadcrumbList","@id":"https:\/\/mortgagemodificationri.com\/blog\/2018\/12\/19\/first-home-mortgage-modification\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/mortgagemodificationri.com\/blog\/"},{"@type":"ListItem","position":2,"name":"First Homes and Mortgage Modifications"}]},{"@type":"WebSite","@id":"http:\/\/mortgagemodificationri.com\/blog\/#website","url":"http:\/\/mortgagemodificationri.com\/blog\/","name":"Mortgage Modification Center RI","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/mortgagemodificationri.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"http:\/\/mortgagemodificationri.com\/blog\/#\/schema\/person\/4e35b52262f9e791b16bf75e12cb5aff","name":"Attorney John Simonian","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/mortgagemodificationri.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/437696041ed7644858f744edab7889beca8bb6682c0272d6157b030e972de434?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/437696041ed7644858f744edab7889beca8bb6682c0272d6157b030e972de434?s=96&d=mm&r=g","caption":"Attorney John Simonian"},"description":"Attorney John S. Simonian is a Rhode Island and Massachusetts lawyer who specializes in bankruptcy law and mortgage modifications. Click here to learn more about Attorney Simonian.","sameAs":["https:\/\/www.law-ri.com\/","https:\/\/www.facebook.com\/RealEstateFLLaw\/"]}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"http:\/\/mortgagemodificationri.com\/blog\/wp-content\/uploads\/2019\/01\/hand-signing-document-e1549571418905.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pahS7w-43","_links":{"self":[{"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/posts\/251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/comments?post=251"}],"version-history":[{"count":3,"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/posts\/251\/revisions"}],"predecessor-version":[{"id":450,"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/posts\/251\/revisions\/450"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/media\/486"}],"wp:attachment":[{"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/media?parent=251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/categories?post=251"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mortgagemodificationri.com\/blog\/wp-json\/wp\/v2\/tags?post=251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}